ZF Steering Gear India Enters Framework Cooperation Agreement with Hubei Tri-Ring for EHPAS Development in India
ZF Steering Gear India Ltd. has entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd., China. The agreement is designed to establish a foundation for collaboration regarding the development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies within India.The company confirmed that the partnership involves a preliminary Framework Co-operation Agreement, which sets the stage for ongoing discussions and future collaborations between the parties.
The co-operation initiative has been defined as being in the ordinary course of business and is explicitly stated not to constitute a related party transaction.
ZFSTEERING Stock Price Movement
ZF Steering Gear (India) Limited shares are gaining strongly, trading up 2.80% to ₹695.1 as of 3:24 PM today. The stock gained ₹18.95 during live market action and saw a traded volume of 5,877 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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